Question
A company issues $953402 worth of 19-year bonds with semi-annual coupons at j2=9.28% p.a. The bonds are priced to yield j2=4.82% p.a. Determine the issue
A company issues $953402 worth of 19-year bonds with semi-annual coupons at j2=9.28% p.a. The bonds are priced to yield j2=4.82% p.a. Determine the issue price per $100 unit.
a.
$114.64
b.
$60.52
c.
$155.10
d.
$385.71
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
2nd Edition
0072318252, 9780072318258
